Business Opportunity Motel for Sale

CAD$354,500

This property is in the heart of a beautiful island nestled between the downeast coast of Maine and New Brunswick. The motel is centrally located in a desirable location on this historic and scenic island on the Bay of Fundy. A short walk across the road from the Island’s grocery store and the 4th tee of the Herring Cove Provincial Park Golf Course. The Clubhouse at the golf course is a five-minute drive, as is Roosevelt Campobello International Park.

The world-famous Roosevelt International Park with its historic cottage belonging to Franklin and Eleanor Roosevelt is the main tourist attraction on this peaceful Maritime island. The Park’s beautiful landscaping, other historic houses, and carriage and hiking trails provide the tourists with many days’ worth of activities.

Whale watching tours, scenic van tours and gift shops round out the traveler’s experience.The Island is accessible year-round via the FDR International Bridge from Lubec, Maine, or by car ferry from Deer Island, New Brunswick during summer months.

The motel features 8 bright and clean rooms, each furnished with two queen beds, table and chairs, private bath with hair dryer, refrigerator/freezer, microwave, coffee pot with coffee, tea and condiments, Wi-Fi and cable TV. The 9th room is a mini-apartment which could also be rented.

The motel is situated on over 2 acres of land with native trees, firs, spruces, maple and pears. Tastefully landscaped with raised beds of vegetables, native plants, lilies and others.

Three family-friendly restaurants feature fresh lobster and seafood along with standard U.S.-Canadian fare. There are two takeout food trucks, one on each end of the Island.

Equipment: Full laundry with 2 sets of large stackable washers and dryers

View: Forest and landscaped grounds.

With over 2 acres on this site, one possibility for expansion is adding a stand-alone building for laundry, not only for the motel laundry, but as a coin-operated public access laundry. There are no laundry facilities on the Island other than a small laundry at the Provincial Park used by campers.

Several cabins could be added on the site, one for owner occupation and others for rental along with the existing motel units. An addition to the motel is easily accomplished as well.

A pool for guests and/or the community would be a welcome addition as there is no public pool, nor at the other motels or rental units.

The motel could easily be converted to apartments. There is a serious shortage of affordable rental units on the Island.

Conversion for senior housing also offers the possibility of obtaining government grants for conversion costs.